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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jan 01, 1942
Page
1
Babson Park expert Roger Babson predicts wartime effects will curb U S business in 1942. He warns crops and fuel shortages will persist, non-defense industries will weaken, and overall business activity is near its peak with no early peace in sight. The forecast cites national income moving from 95 to 78 billion dollars as war demand rises.
Babson predicts 1942 will see defense production rise sharply while nondefense activity declines. Employment and wages follow the same pattern. farm income rises though real wealth declines as industrial output shifts to defense. Inflation and taxes bite, with high-grade bonds down and stocks mixed. overall war effects may extend through 1942 with varying consequences for defense and non-defense industries.
Col John Van Vliet named commander of the 112th Infantry, 28th Division, succeeding Col Joseph Carvolth. Van Vliet had been acting commander and led the regiment during the summer while Carvolth attended Fort Benning. Carvolth assigned to division headquarters. Van Vliet is prothonotary of McKean County in civilian life.
Tokyo reports Japanese capture of Kuantan on Malaya's east coast, 160 miles north of Singapore, with rapid blows along the west coast. Premier General Hideki Tojo declared in a New Year broadcast that Manila and Singapore will meet a fate similar to Hong Kong, as the Japanese advance continues.
Across Pennsylvania residents welcomed 1942 with a sober resolution to improve national efforts. Despite weariness, many joined watch services in churches and public gatherings while factories kept production to meet Roosevelt’s call for renewed effort. The day carried hopeful yet restrained optimism as the state marked the transition to a new year.
Washington reports fear Manila could fall as American and Philippine forces defend the city under heavy pressure. Senators discuss a prolonged Far East campaign, with Alaska routes and Aleutians proposed for support. Norris envisions a 3 to 10 year war.
Soviet reports claim Kaluga recaptured and German tank command crushed as six army corps are routed near Moscow. New Year broadcasts praise Allied and Soviet gains with emphasis on Axis retreat and heavy Japanese naval actions in the Pacific theater.
Corry welcomed 1942 with watch night services across city churches and social gatherings at homes and clubs. Open house at Stanford Hose Company drew crowds while industrial activity pressed on. The Elks, Tiffany orchestra, and Benetts provided music and dancing as hundreds celebrated with balloons, noisemakers, confetti, and a grand march ending with God Bless America.
War time thousands marked the new year with national prayer day in Philadelphia. People filled City Hall areas and streets while factory whistles and air raid sirens were banned. Pittsburgh hotels faced price spikes as celebrations unfolded amid wartime constraints.
War news reports note huge crowds in Manila celebrating the new year as Pacific tensions rise. A new naval commander warns coast cities may face shelling from raiding submarines and anticipates another assault on Pearl Harbor.
Washington reports four major ballio in progress north of Manila while Philippine forces resist the Japanese drive. Admiral Nimitz warns of possible West Coast submarine shells as Tokyo claims sinkings and bombardments in the Luzon area, signaling peril for Manila and nearby defenses.
Associated Press reports Britain's Middle East air arm hit key targets in Greece including a submarine base and airfields, signaling a potential Axis offensive in the Mediterranean. Forecasts warn of New Year football bowl weather affecting several games with 200000 expected fans in attendance.
The Marines Steel Company led by Chairman W Bracken reports 100 percent Red Cross War Fund drive participation at its Rastofeio street plant with a 6000 check and rapid canvass start. Other plants are rallying, with over 1200 raised toward a 5500 goal as the drive moves toward a strong finish. Monroe Dies A Columbus rect me wid former principal at Corry High School, Mr Monroe, dies. funeral arrangements to be held in Columbus Saturday.
Mills producers in Corry and nearby areas should note that Secretary of Agriculture Claude Wickard has scheduled a six session hearing on proposed amendments to the federal order governing the New York metropolitan milk market. The hearings open January 7 at 9:30 a.m. at the St George Hotel Brooklyn and run January 8 and 9. Additional sessions will be held January 12 at the Hotel Martin Utica January 13, and January 15 to 17 at the Arlington Hotel in Binghamton New York.
Dutch authorities said a U S freighter was attacked yesterday in northern East Indies waters by Japanese planes. Forty eight crew members were rescued and brought ashore. one is missing. The vessel was set on fire and distress signals were seen as the rescue ship arrived.
A Navy Cross was awarded to pilot Fister and crew for heroic rescue by Admiral Nimitz after nine U S fliers floated at sea for four days. They survived storms and sharks as they drifted before a naval plane spotted distress signals near Oahu.
Corry moves to issue about 200 city bonds to finance a new fire truck and street department equipment and to retire existing obligations. The plan includes purchasing a second ward fire truck a grader and a factor for the street department and acquiring four units of the former U S Radiator property for a storage building. Secretary William S Livengood outlines the act as a modern borrowing method.
A scrambled list of fatalities marks the New Year toll across multiple states including Ohio New Jersey and Pennsylvania. The report notes deaths from Wilco mobile crashes homicides falls and other causes with several regions showing high traffic and public safety concerns.
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